R&D Tax Credit for the Food Processing Industry

The R&D Tax Credit is often-overlooked and is intended to incentivize manufacturing and other companies with a dollar-for-dollar reduction of income tax owed.

Many companies in the food processing industry do not realize that they are eligible for the Research & Development Tax Credit. The R&D tax credit allows companies to realize tax savings, increase cash flow and stay competitive in the marketplace. Many of the qualifying activities are considered day-to-day operations in the food processing industry.

The benefits can be significant and are efficient to realize through our services. The Research Tax Credit can provide a hidden but immediate source of cash from prior years, plus a significant reduction to current and future years’ federal and state tax liabilities.

Developing new machinery and equipment for the production and testing of food products.

Developing recipe formulations for new food products and flavorings.

Improving existing production processes to improve efficiency.

Microbiological test procedures for the examination of food products

Conducting sensory evaluations of prototype samples.

Developing new packaging designs to provide enhanced functionality or increased product shelf life.

Our R&D Tax Credit practice consists of engineers, CPAs, and attorneys who have extensive experience conducting Research Tax Credit Studies at both the federal and state level. Our process begins with a free assessment to ensure that the company qualifies for the credit and would be able to utilize them. Each of our studies includes a site visit to help facilitate the study process. We also include audit support with all of our studies. This is a conservative federal and state incentive that was just made permanent by Congress as part of the 2015 PATH Act. Contact ETS for more information at 800-236-6519 or email here.